The S&P500 reached our target-box in yellow and dropped like a stone.
The impulsive sell-off confirms our primary scenario. Our next target now resides at 3262 points, bevor the bulls have a Chace to push back. We give the scenario in which the market stabilizes, in the range of 3262 - 3075 points, a probability of 38%.
Should the S&P500 reach the blue target...
Delta has been undervalued since they haven't been able to perform as per usual. It may be a while before they continue business as usual. They will be able to bounce back as one of the Domestic Airlines. I am more interested in Domestic since other countries may want to keep a hold on the spread of the Virus by preventing international flights.
Overall this is...
Back from holiday, I find this beautiful concept of Cypher that I want to share with you!
On the long term could be a buy till 1.40 and after that a retracement to the first level that the price hit on Brexit (2016).
PS: It's just my vision, make your own actions!
CGC Has run into multiple resistance trendlines coming into their ER release. I look for this to break it out of the current mini bear flag it's currently riding in, and send down toward support in the 27's area. At that point this stock is a long term add in my opinion. The industry will continue to grow, and this company will continue to find ways to grow with...
It's quite clear that consolidation is happening inside the triangle.
Here are the reasons why it will most probably break up and not down:
- we have strong support from previous top (possibility of a false break down)
- support is stronger due to additional Fibonacci levels, that worked nicely as support before (colored lines)
- convergence on indicators is...
Next weeks set up. To follow within my zones.
Looking for Nzdusd to fall with the current zone to the red pivot line or potentially to the zone. However looking for it to continue Long.
Blue zone: Monthly
Dark purple: weekly
Red line: Pivot line
Blue trend line: Daily
DASHBTC is situated into a huge falling wedge since 13 november 2017 untill today. At this market stage we need to be patience,so i get some Dash for long term.I don t know when will broke this downtrend BUT it will broke out because a falling wedge is a reversal pattern(from bearish to bullish)
RSI is below 40 on the weekly timeframe which means dash is...
As seen on both charts the correlation between NEO/BTC and GAS/BTC is significant. GAS tends to follow NEO movement but with amplified percentage change both on the upside and downside. It looks like we have established a bottom with very low volatility and stable price action. A typical pattern which we see in BTC as well right now when speculators are...
Trend line A was busted to the upside and price reached the previous high to find a wall of sellers.
There was some buying interest added to the market on the break, but not a ton of momentum so the previous high was tested and profit-taking set in.
Price is on a typical throwback to trend line A, which now should act as support (or an area of buying...
As you can see today was a strong trading day for the France 40. We saw 5 large consecutive green candles which actually broke out above the regression trend. I think at the moment we can sell this market down to that green line within the regression trend which is where you need to be cautious about another increase. One thing that was surprising was that massive...
For all the swing traders out there who tend to keep their trades for a long period of time, keep a note that the previous resistance is now acting like a support as we can see that the support was broken on September 2014 and then the price retested it several times From May to November 2016. But failed to break the new found support. On the long term perspective...
As we see Bitcoin lose 10% of it's market cap in 6 hours, it would be easy to worry of a fall to 6k and beyond (and let's be clear there is still risk!). In the short term, things do look bearish, but this could be the setup to a midterm bull market and new ATHs!
As BTC makes it way down the 9s, it will meet resistance at 9.4-9.6k. Ideally we would see a bit of...
good day everyone
i got on the radar since yesterday an opportunity for a buy
however there was a consolidation that is leading to a bat pattern as a sign for a buy to
the targets is in the showing chart.